LEFT SIDE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LEFT SIDE
Largest movements
- Receivables within one year -€21,773
down €21,773 (-63.9%), from €34,087 to €12,315
of which Trade receivables: -€20,964
- Tangible fixed assets -€16,298
down €16,298 (-15.1%), from €107,738 to €91,440
of which Other tangible fixed assets: -€10,481
- Cash +€11,009
up €11,009 (+112.5%), from €9,783 to €20,792
mainly Net result for the year (+€45,042) and Receivables within one year (+€21,773)
- Stocks and contracts +€2,139
up €2,139 (+13.1%), from €16,320 to €18,459
- Tax, wage and social debts -€61,049
down €61,049 (-30.4%), from €201,105 to €140,055
of which Remuneration and social security: -€30,772
- Profit (loss) carried forward +€45,042
up €45,042 (+27.1%), from -€166,187 to -€121,145
- Trade debts -€16,574
down €16,574 (-20.5%), from €80,757 to €64,183
- Other debts +€10,808
up €10,808 (+35.6%), from €30,364 to €41,172
- Debts after one year -€3,150
down €3,150 (-32.3%), from €9,750 to €6,600
- Gross operating margin +€146,960
up €146,960 (+35.9%), from €409,736 to €556,696
- Staff costs +€111,702
up €111,702 (+31.5%), from €354,771 to €466,473
- Other operating charges +€5,704
up €5,704 (+94.6%), from €6,029 to €11,733
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,788 | €150,865 | -€24,923 | -14.2% |
| Fixed assets | 21/28 | €115,597 | €99,299 | -€16,298 | -14.1% |
| Tangible fixed assets | 22/27 | €107,738 | €91,440 | -€16,298 | -15.1% |
| Plant, machinery and equipment | 23 | €14,133 | €12,510 | -€1,623 | -11.5% |
| Furniture and vehicles | 24 | €12,022 | €7,827 | -€4,194 | -34.9% |
| Other tangible fixed assets | 26 | €81,583 | €71,102 | -€10,481 | -12.8% |
| Financial fixed assets | 28 | €7,859 | €7,859 | = | 0.0% |
| Current assets | 29/58 | €60,191 | €51,566 | -€8,625 | -14.3% |
| Stocks and contracts in progress | 3 | €16,320 | €18,459 | +€2,139 | +13.1% |
| Stocks | 30/36 | €16,320 | €18,459 | +€2,139 | +13.1% |
| Amounts receivable within one year | 40/41 | €34,087 | €12,315 | -€21,773 | -63.9% |
| Trade receivables | 40 | €33,279 | €12,315 | -€20,964 | -63.0% |
| Other amounts receivable | 41 | €808 | €0 | -€808 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,783 | €20,792 | +€11,009 | +112.5% |
| Total equity and liabilities | 10/49 | €175,788 | €150,865 | -€24,923 | -14.2% |
| Equity | 10/15 | -€146,187 | -€101,145 | +€45,042 | +30.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,187 | -€121,145 | +€45,042 | +27.1% |
| Amounts payable | 17/49 | €321,975 | €252,010 | -€69,965 | -21.7% |
| Amounts payable after more than one year | 17 | €9,750 | €6,600 | -€3,150 | -32.3% |
| Financial debts | 170/4 | €9,750 | €6,600 | -€3,150 | -32.3% |
| Amounts payable within one year | 42/48 | €312,225 | €245,410 | -€66,815 | -21.4% |
| Trade debts | 44 | €80,757 | €64,183 | -€16,574 | -20.5% |
| Suppliers | 440/4 | €80,757 | €64,183 | -€16,574 | -20.5% |
| Taxes, remuneration and social security | 45 | €201,105 | €140,055 | -€61,049 | -30.4% |
| Taxes | 450/3 | €68,183 | €37,906 | -€30,277 | -44.4% |
| Remuneration and social security | 454/9 | €132,922 | €102,149 | -€30,772 | -23.2% |
| Other amounts payable | 47/48 | €30,364 | €41,172 | +€10,808 | +35.6% |
| Remuneration, social security and pensions | 62 | €354,771 | €466,473 | +€111,702 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,548 | €20,401 | +€853 | +4.4% |
| Other operating charges | 640/8 | €6,029 | €11,733 | +€5,704 | +94.6% |
| Gross operating margin | 9900 | €409,736 | €556,696 | +€146,960 | +35.9% |
| Operating profit (loss) | 9901 | €29,388 | €58,090 | +€28,702 | +97.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,218 | €13,048 | -€5,171 | -28.4% |
| Recurring financial charges | 65 | €17,776 | €13,048 | -€4,728 | -26.6% |
| Non-recurring financial charges | 66B | €442 | €0 | -€442 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €11,170 | €45,042 | +€33,873 | +303.3% |
| Income taxes | 67/77 | €123 | €0 | -€123 | -100.0% |
| Profit (loss) for the period | 9904 | €11,047 | €45,042 | +€33,996 | +307.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,047 | €45,042 | +€33,996 | +307.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.